Analysts Set Talen Energy Corporation (NASDAQ:TLN) Price Target at $222.40

Shares of Talen Energy Corporation (NASDAQ:TLNGet Free Report) have earned an average rating of “Buy” from the ten analysts that are currently covering the stock, MarketBeat reports. Ten investment analysts have rated the stock with a buy rating. The average 12-month price objective among analysts that have covered the stock in the last year is $225.10.

TLN has been the subject of several research reports. Daiwa Capital Markets assumed coverage on Talen Energy in a report on Wednesday, December 4th. They set a “buy” rating and a $248.00 price target for the company. Jefferies Financial Group started coverage on shares of Talen Energy in a research report on Friday, September 13th. They issued a “buy” rating and a $226.00 target price for the company. UBS Group raised their price target on shares of Talen Energy from $242.00 to $269.00 and gave the company a “buy” rating in a report on Friday. Oppenheimer upped their price objective on shares of Talen Energy from $225.00 to $250.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Finally, Guggenheim increased their target price on shares of Talen Energy from $219.00 to $246.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th.

Check Out Our Latest Stock Report on TLN

Insider Buying and Selling

In related news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of the company’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $204.35, for a total transaction of $999,988,155.45. Following the completion of the transaction, the insider now directly owns 6,475,107 shares in the company, valued at $1,323,188,115.45. This represents a 43.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.18% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets bought a new stake in shares of Talen Energy during the third quarter valued at approximately $36,000. Spirit of America Management Corp NY acquired a new stake in Talen Energy during the third quarter worth $214,000. World Equity Group Inc. bought a new stake in Talen Energy in the 3rd quarter valued at $237,000. Everence Capital Management Inc. acquired a new position in shares of Talen Energy in the 4th quarter valued at $276,000. Finally, Point72 Hong Kong Ltd bought a new position in shares of Talen Energy during the 3rd quarter worth about $257,000. Institutional investors own 0.38% of the company’s stock.

Talen Energy Price Performance

TLN opened at $215.59 on Wednesday. The company has a current ratio of 4.10, a quick ratio of 3.37 and a debt-to-equity ratio of 1.07. Talen Energy has a 1 year low of $60.51 and a 1 year high of $230.89. The stock has a fifty day moving average price of $204.08 and a 200 day moving average price of $145.10. The stock has a market cap of $10.96 billion and a price-to-earnings ratio of 11.54.

About Talen Energy

(Get Free Report

Talen Energy Corporation is a U.S.-based energy and power generation company. The Company owns or controls approximately 16,000 megawatts of capacity in wholesale power markets, principally in the Northeast, Mid-Atlantic and Southwest regions of the United States. The Company generates and sells electricity, capacity and related products from power plants that use fuel sources, such as nuclear, natural gas and coal.

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Analyst Recommendations for Talen Energy (NASDAQ:TLN)

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